This property looks like a bad Long-Term investment with a projected -9.81% first-year return on $63,357 initial cash invested.
-9.81%
Cash On Cash
4.86%
Cap Rate
0.74
DSCR
$1,860
Rent
-$518
Cashflow
Cash Flow
$1,860 income − $2,378 expenses = $518 out of pocket
Investment Breakdown
|
Purchase Price
$302k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$63,357
Downpayment
20%
$60,340
Closing costs
1%
$3,017
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,860
Total Expenses
$2,378
Mortgage P&I
89%
$1,647
Property Taxes
7%
$139
Home Insurance
6%
$108
HOA
0%
$0
Property Management
10%
$186
CapEx
5%
$93
Vacancy
6%
$112
Maintenance
5%
$93
Other
0%
$0